I have a $200k margin loan. I want to get rid of the margin loan and fund my share portfolio using a LOC on my PPOR.
If I draw down $200k from my LOC and use it to pay off the margin loan, is the interest on the LOC deductible? Or do I need to sell everything in the margin loan, then re-buy it using the LOC funds?
If I draw down $200k from my LOC and use it to pay off the margin loan, is the interest on the LOC deductible? Or do I need to sell everything in the margin loan, then re-buy it using the LOC funds?